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MAY KEY FIGURES

		Mar 2016	Apr 2016	May 2016	Apr 16 to May 16
		$m	$m	$m	% change
BALANCE ON GOODS AND SERVICES
	Trend estimates	-2 541	-2 175	-1 885	13
	Seasonally adjusted	-2 201	-1 785	-2 218	-24
CREDITS (Exports of goods & services)
	Trend estimates	25 526	25 768	26 016	1
	Seasonally adjusted	25 957	25 982	26 170	1
DEBITS (Imports of goods & services)
	Trend estimates	28 067	27 943	27 901	-
	Seasonally adjusted	28 158	27 767	28 387	2

Balance on Goods and Services

• In trend terms, the balance on goods and services was a deficit of $1,885m in May 2016, a decrease of $290m (13%) on the deficit in April 2016.
• In seasonally adjusted terms, the balance on goods and services was a deficit of $2,218m in May 2016, an increase of $433m (24%) on the deficit in April 2016.

• In seasonally adjusted terms, goods and services credits rose $188m (1%) to $26,170m. Non-rural goods rose $420m (3%). Non-monetary gold fell $186m (10%) and rural goods fell $77m (2%). Net exports of goods under merchanting remained steady at $28m. Services credits rose $31m (1%).

• In seasonally adjusted terms, goods and services debits rose $620m (2%) to $28,387m. Intermediate and other merchandise goods rose $385m (5%), capital goods rose $182m (4%) and non-monetary gold rose $124m (29%). Consumption goods fell $81m (1%). Services debits rose $10m.